Visa Launches Circle’s EURC Stablecoin and Expands Support for Avalanche and Stellar Blockchains

Key Points

1. Visa added support for Global Dollar (USDG) and PayPal USD (PYUSD) stablecoins, along with Stellar and Avalanche blockchains, in addition to Ethereum and Solana.

2. The company launched Circle's EURC stablecoin, enabling some Visa partners to process transactions more efficiently.

3. Visa has processed over $200 million in stablecoin transactions and is testing stablecoins through its Visa Direct service to reduce delays.

4. Visa is developing the Visa Tokenized Asset Platform to allow banks to issue and use stablecoins for programmable finance.

5. Visa CEO Ryan McInerney advocates for clearer and more pragmatic cryptocurrency regulations in the U.S. and globally.

6. BitSave CEO Zakhila Suresha noted that only 10–20% of stablecoin transactions currently involve payments, with the majority being trading and liquidity, but predicts payments will exceed 50% within a year.

7. Blockon Ventures founder Jagdish Pandya compared the stablecoin market to 1990s e-commerce, expecting mass adoption of digital assets in the next decade.